Mishra Dhatu Nigam Ltd. · NSE:MIDHANI
Mishra Dhatu Nigam — Investor Presentation (December 2020)
29 slides from Mishra Dhatu Nigam's investor presentation, Dec 9, 2020
Slide 1: Cover letter to stock exchanges: Investor presentation
MID ANI MDN/CS/COMPLIANCE/2020 Date: 09.12.2020 To, BSE Limited, National Stock Exchange of India Limited, 25th Floor, PJ. Towers, Exchange Plaza, C-i Mumbal- 400001 Block- G, Bandra Kurla Complex, Bandra (East), Mumbai —400051 Scrip Code: 541195 Trading Symbol: MIDHANI Sub: Investor presentation Re
Slide 2: Corporate Presentation December 2020
Corporate Presentation December 2020 We are everywhere from Deep Sea to Space
Slide 3: Disclaimer
DISCLAIMER This presentation is issued by Mishra Dhatu Nigam Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or
Slide 4: Table of Contents
TABLE OF CONTENTS Industry Overview Milestones Business Snapshot Strengths & Strategies Financial Overview Annexures 3
Slide 5: Mishra Dhatu Nigam Limited - Overview
MISHRA DHATU NIGAM LIMITED - OVERVIEW • Mishra Dhatu Nigam Limited (MIDHANI) was incorporated in in the year 1973 at Hyderabad as a Government of India Rich History Enterprise under the Ministry of Defence. • MIDHANI achieved the status of a Mini- Ratna – Category – I Company by the Government of In
Slide 6: Mishra Dhatu Nigam Limited - Overview
MISHRA DHATU NIGAM LIMITED - OVERVIEW • Company has state of art manufacturing facility based in Hyderabad, Telangana. • Competence of developing and manufacturing customized Robust alloys tailor-made to suit the specific requirements of Manufacturing Customers for their critical applications. • Cur
Slide 7: Industry Overview
INDUSTRY OVERVIEW MIDHANI FOCUSES ON SPECIALITY MATERIALS CATERING TO HIGH END ENGINEERING APPLICATIONS Global Steel Speciality Steel Market Production End User Classification Oil & Gas & Processing Specialty Steel - 9% MIDHANI’s area Industries of focus <1% of 9% Ni(1) global steel Industrial 0.2%
Slide 8: Milestones
MILESTONES • Signatory to UN Global Compact Initiative • Entered into the field of fabrication • Implementation of the e-Procurement portal for of special armour panels publishing and processing tenders online • Development of gun barrel • Incorporation • Equity Listing on BSE & NSE. forgings. • Inc
Slide 9: Business Snapshot
BUSINESS SNAPSHOT LEADING MANUFACTURERS OF SPECIAL STEELS, SUPERALLOYS AND ONLY MANUFACTURER OF TITANIUM ALLOYS IN INDIA Miniratna Category-I company National Centre for Excellence’ in advanced metallurgical production Operates one of the few metallurgical plants of its kind in the world NICHE
Slide 10: Product Portfolio
PRODUCT PORTFOLIO PRODUCT CATEGORIES HIGH VALUE SPECIALITY SUPERALLOY TITANIUM STEEL ALLOY STEEL STAINLESS STEEL ULTRA HIGH FERRITIC STRENGTH STEEL NICKEL BASED COMMERCIALLY PURE TITANIUM ARMOUR GRADE MARTENSITIC PLATES IRON BASED TITANIUM ALLOYS OTHER PRODUCTS AUSTENITIC COBALT BASE PRECIPITATION H
Slide 11: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Advanced and unique facilities Capability to manufacture wide range of advanced products with focus on product indigenisation Strong long term customer relationships Research and development based technology development Highly Qualified and Experienced Management and Manage
Slide 12: Unique Facilities with Capability to Develop Customized Alloys
UNIQUE FACILITIES WITH CAPABILITY TO DEVELOP CUSTOMIZED ALLOYS AND MANUFACTURE A WIDE RANGE OF ADVANCED PRODUCTS WORLD CLASS VACUUM MELTING FURNACES HIGH QUALITY PRODUCTS TO MEET CUSTOMERS’ STRINGENT QUALITY REQUIREMENTS PROCESS CAPABILITIES ACROSS VARIOUS PRODUCT MANUFACTURING VALUE CHAIN LEVERAGE
Slide 13: Strong Long Term Customer Relations
STRONG LONG TERM CUSTOMER RELATIONS COMMITTED TO ENHANCEMENT OF CUSTOMER SATISFACTION BY CONTINUALLY IMPROVING THE EFFECTIVENESS OF QUALITY MANAGEMENT SYSTEM TO DRIVE ORGANIZATIONAL PERFORMANCE PARTNERSHIP WITH MANY OF THE KEY FOCUS ON QUALITY - ISO 9001:2008, ISO CUSTOMERS IN THE PRODUCT 14001:2015
Slide 14: Research and Development Based Technology Development
RESEARCH AND DEVELOPMENT BASED TECHNOLOGY DEVELOPMENT IN-HOUSE RESEARCH AND DEVELOPMENT OUTSOURCE TECHNOLOGICAL KNOWLEDGE TEAM FROM VARIOUS COUNTRIES DEDICATED TECHNOLOGY ADVISORY BOARD STRONG PRODUCT DESIGN CAPABILITIES COLLABORATIONS WITH INDIAN AND INTERNATIONAL RESEARCH INSTITUTIONS AND QUALITY
Slide 15: Highly Qualified and Experienced Management
HIGHLY QUALIFIED AND EXPERIENCED MANAGEMENT Dr. Sanjay Kumar Jha Chairman & Managing Director • Metallurgical Engineering graduate from National Institute of Technology, Jamshedpur • 32+ years of experience out of which worked for more than 27 years in Department of Atomic Energy (DAE). Published 35
Slide 16: Strategies
STRATEGIES 1. Growth and modernization • Seeks growth (through both greenfield and brownfield) based on the development of technology for customers and product • Aim for geographical expansion of the Company and to operate from multiple locations • Seek to enter into the new markets of oil and gas,
Slide 17: New Project: Armour Manufacturing Facility
NEW PROJECT : ARMOUR MANUFACTURING FACILITY 1. About the Facility • MIDHANI is setting up a State of art armour manufacturing facility for personal, group & vehicle protection at IMT Rohtak • Major Products o Personal protection o Group protection o Vehicle protection Bullet Proof Patka Bullet Proof
Slide 18: Joint Venture: High-End Aluminium Alloy Plant
JOINT VENTURE: HIGH-END ALUMINIUM ALLOY PLANT 1. About the Project • Joint Venture (JV) Company “UTKARSHA ALUMINIUM DHATU NIGAM LIMITED (UADNL)” promoted by MIDHANI and NALCO (with equal equity partnership) incorporated on 21.08.2019 to set up a greenfield 60,000 TPA High-End Aluminium Alloy Product
Slide 19: Contribution Towards Atmanirbhar Bharat
CONTRIBUTION TOWARDS ATMANIRBHAR BHARAT • Manufacturing of Discs used in aeronautical sector: Successfully delivered first of its kind, sets of isothermally forged Titanium Alloy high pressure compressor discs used in aerospace application with completely indigenous technology under Industry Researc
Slide 20: Impact on Business Due to COVID
IMPACT ON BUSINESS DUE TO COVID Status of Plants Business Impact • CoVID-19 lockdown has affected the final inspection, • Q1FY21 Revenue & Profitability has been impacted. certification and shipment of materials in the month • Company expects improvement in supply chain of March 2020. efficiency pos
Slide 21: Financial Overview (1/2)
FINANCIAL OVERVIEW (1/2) Revenue from Operations EBITDA[1] PAT ₹ Mn ₹ Mn ₹ Mn 2,500 1,800 35.0% 35.0% 28.7% 27.7% 25.8% 30.0% 2,000 1,600 22.4% 7,108 7,129 19.7% 25.0% 25.0% 1,400 18.4% 6,661 1,500 20.0% 1,200 15.0% 1,000 15.0% 1,000 10.0% 5.0% 500 800 5.0% 1,313 1,306 1,597 1,909 1,837 1,977 0 600
Slide 22: Financial Overview (2/2) Quarterly Numbers
FINANCIAL OVERVIEW (2/2) Revenue from Operations EBITDA PAT ₹ Mn ₹ Mn ₹ Mn 1,702 1,638 QUARTERLY NUMBERS 529 500 358 326 Q2 FY 20 Q2 FY 21 Q2 FY 20 Q2 FY 21 Q2 FY 20 Q2 FY 21 Revenue from Operations EBITDA PAT ₹ Mn ₹ Mn ₹ Mn HALF YEARLY NUMBERS 3,024 903 2,773 588 557 316 H1 FY 20 H1 FY 21 H1 FY 20
Slide 23: Annexures
ANNEXURES
Slide 24: Awards and Accreditations
AWARDS AND ACCREDITATIONS ACCREDITATIONS AWARDS Quality Management Raksha Mantri Award, 2013-14 DGAQA(1) Raksha Mantri Award, 2014-15 Corporate Vigilance Excellence Award, ISO 9001:2015 2016-17 ISO 14001:2015 (EMS), Skoch Award 2016 for ISO 45001:2018 balanced and sustainable (OHSMS) business perfor
Slide 25: Summary Statement of Assets & Liabilities (1/2)
SUMMARY STATEMENT OF ASSETS & LIABILITIES (1/2) Particulars FY18 FY19 FY20 FY21 (H1) ₹ Mn ASSETS: Non-current assets Property, Plant and Equipment 3,427.75 4,236.70 4,397.05 4,305.80 Capital work-in-progress 649.93 1,750.47 4,048.20 4,434.27 Intangible assets 16.58 12.77 10.41 11.99 Financial Assets
Slide 26: Summary Statement of Assets & Liabilities (2/2)
SUMMARY STATEMENT OF ASSETS & LIABILITIES (2/2) ₹ Mn ₹ Mn Particulars FY18 FY19 FY20 FY21 (H1) EQUITY AND LIABILITIES EQUITY Equity share capital 1,873.40 1,873.40 1,873.40 1,873.40 Other Equity 6,016.95 6,473.69 7,710.47 8,017.88 Total Equity 7,890.35 8,347.09 9,583.87 9,891.28 LIABILITIES Non-curr
Slide 27: Summary Statement of Profit & Loss
SUMMARY STATEMENT OF PROFIT & LOSS ₹ Mn Particulars FY18 FY19 FY20 FY21 (H1) REVENUE Revenue From Operations 6,660.78 7,108.46 7,128.76 2,772.66 Other Income 292.00 368.95 3,64.36 74.31 Total Income 6,952.78 7,477.41 7,493.12 2,846.97 EXPENSES Cost of material consumed 1,535.49 2,927.63 3,766.06 705
Slide 28: Summary Statement of Cash Flows (1/2)
SUMMARY STATEMENT OF CASH FLOWS (1/2) ₹ Mn Particulars FY18 FY19 FY20 FY21 (H1) CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) for the year (before tax) 1,967.78 1,917.97 1,994.76 427.08 Adjustments for: Depreciation expense 196.41 231.95 261.14 133.60 Finance costs 85.60 63.64 59.16 58.71 Inter
Slide 29: Summary Statement of Cash Flows (2/2)
SUMMARY STATEMENT OF CASH FLOWS (2/2) ₹ Mn. Particulars FY18 FY19 FY20 FY21 (H1) CASH FLOW FROM INVESTING ACTIVITIES Acquisition of property, plant and equipment (954.85) (2,716.87) (2,716.87) (429.99) Profit / Loss on sale of Fixed Assets 0.09 0.93 0.93 (0.23) Investment in other projects - (200.00
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